GameStop
What matters nowUpdated 3 h ago
- A Schedule 13D/A ownership report relating to GameStop was filed with the SEC on October 2, 2026 1, after similar amendments on September 29 23 and September 21 4. eBay's board rejected GameStop's May 2026 proposal to buy eBay for $125 per share in cash and stock, and no binding agreement has been reported.
- GME traded at $27.19 on the pooled 24/7 venue price, up 0.30% from the previous close. Recent daily moves were +5.42% on October 9, +4.36% on October 2, -5.98% on September 25, +4.22% on September 21 and +6.21% on September 10, and the October 2 and September 21 moves fall on the days of the filings above 14.
- As of August 1, 2026, trailing revenue of $3.55 billion was down 7.7% year on year (18.7% in the latest quarter), while trailing EPS of $1.52 was up 97.4%. Gross, operating and net margins were 37.9%, 13.5% and 25.2%, and trailing free cash flow of $688 million gave a 5.6% yield on a $12.2 billion market cap, for a P/E of 17.9.
- Over the last 180 days, insiders bought 3.40 million shares worth $76.4 million in nine transactions and sold shares worth $0.9 million in six. In the second quarter of fiscal 2026, collectibles sales rose 56.6% and made up 45.1% of net sales, while video game sales fell 46.8%.
- Next, GameStop's Q3 fiscal 2026 earnings are estimated for December 8, 2026 and are not yet confirmed, and its 10-Q for the quarter ended October 31, 2026 is estimated for December 10. Macro releases come first, with September CPI on October 14 and retail sales on October 15. Polymarket puts a GameStop acquisition of eBay at 5.5% (resolves January 1, 2027) and no Fed rate change after the October meeting at 81.5%.
SEC EDGAR · Oct 2
SEC EDGAR · Sep 29
SEC EDGAR · Sep 29
SEC EDGAR · Sep 21
GameStop is a specialty retailer of video games, consoles, accessories and collectibles, selling through about 2,200 stores and its websites. Net sales fell 5.1% to $3.63 billion in fiscal 2025 (ended January 31, 2026), while collectibles was the only category that grew. The company now also holds a large investment portfolio of eBay shares and digital assets, and in May 2026 it proposed to buy eBay for $125 per share in cash and stock, a bid eBay's board rejected. Traders track it through store sales trends, the collectibles and pre-owned mix, the cash and investment portfolio, and the eBay situation.
How it makes money
GameStop earns revenue by selling new hardware and accessories, software and video games, collectibles, and pre-owned and refurbished products through its stores and online. Store count is shrinking: 727 U.S. stores closed in fiscal 2025, leaving 1,598 U.S. stores at January 31, 2026. Recent net income has leaned on gains from its investment holdings, including eBay shares and bitcoin, so net income can move far more than retail sales do.
Last 12 monthsChart & venues →
Valuation & fundamentalsFull financials →
TTM through 2026-08-01 from SEC filings (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price. Quarterly statements →
Biggest businessesAll products & projects →
Hardware and accessories
Still the largest category, but sales fell 12.3% in fiscal 2025.
Software and video games
Video game sales fell 46.8% in the second quarter of fiscal 2026, the steepest drop of any category.
Collectibles
The fastest-growing business: sales rose 56.6% in the second quarter of fiscal 2026 and made up 45.1% of that quarter's net sales.
Pre-owned and refurbished
Sales fell 31.7% in the second quarter of fiscal 2026, faster than the company as a whole.
Latest newsAll news →
GameStop Q2 sales fall 18.7% to $790.2 million; net income $298.7 million; EBITDA outlook raised
GameStop reported second-quarter fiscal 2026 results for the 13 weeks ended August 1, 2026.
GameStop previews Q2 net income of $290 million to $310 million, including about $238 million of eBay gains
GameStop gave preliminary second-quarter fiscal 2026 figures for the 13 weeks ended August 1, 2026.
GameStop amends note exchange to about 55.5 million shares plus $358.4 million cash, closing September 3
On August 31, 2026, GameStop amended its convertible note exchange so that noteholders receive about 55.5 million shares of Class A common stock, about 73% of the consideration, plus about $358.4 million in cash, about 27%, funded from cash on hand.
GameStop reports fiscal Q2 2026 results: revenue $790.2M, down 19% from a year earlier
GameStop filed a Form 8-K with the SEC on Aug 31, 2026, 6:23 AM ET, reporting an event dated Aug 31, 2026.
GameStop agrees to exchange about $1.4 billion of convertible notes for Class A shares
On August 2, 2026, GameStop agreed to privately exchange about $400 million of its 0% convertible notes due 2030 and $1.0 billion of its 0% notes due 2032 for shares of Class A common stock.
GameStop shareholders approve more Class A shares at July 7 annual meeting
GameStop's 2026 annual meeting was held July 7, 2026, and stockholders approved all proposals.
Products & businesses
Hardware and accessories
Still the largest category, but sales fell 12.3% in fiscal 2025.
Software and video games
Video game sales fell 46.8% in the second quarter of fiscal 2026, the steepest drop of any category.
Collectibles
The fastest-growing business: sales rose 56.6% in the second quarter of fiscal 2026 and made up 45.1% of that quarter's net sales.
Pre-owned and refurbished
Sales fell 31.7% in the second quarter of fiscal 2026, faster than the company as a whole.
Bitcoin and digital assets
Digital assets and related receivables were about $0.3 billion at August 1, 2026, versus $519.4 million in bitcoin at November 1, 2025.
Store network
2,206 stores at fiscal year-end, after closing 727 U.S. stores in fiscal 2025.
What it's building next
Segments
| Segment | Revenue | Share | |
|---|---|---|---|
| Hardware and accessories New video game consoles and accessories sold in stores and online. The largest category, but it fell 12.3% in fiscal 2025. | $1.84B | 50.7% | |
| Software New video game software and related titles. Fell 27.5% in fiscal 2025 as the market for new games weakened. | $729.3M | 20.1% | |
| Collectibles Trading cards, toys and other collectible products. The only category that grew in fiscal 2025, up 47.7%. | $1.06B | 29.2% |
Fiscal FY2025 (ended January 31, 2026) · from the annual report
Valuation & fundamentals
TTM through 2026-08-01 from SEC filings (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price.
Financial statements
| Metric | TTM | Q2 FY2026 2026-08-01 | Q1 FY2026 2026-05-02 | Q4 FY2025 2026-01-31 | Q3 FY2025 2025-11-01 | Q2 FY2025 2025-08-02 | Q1 FY2025 2025-05-03 | Q4 FY2024 2025-02-01 | Q3 FY2024 2024-11-02 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.55B | $790.2M -19% | $835.3M +14% | $1.10Bd -14% | $821.0M -5% | $972.2M +22% | $732.4M -17% | $1.28Bd -28% | $860.3M -20% |
| Gross profit | $1.35B | $345.0M +22% | $340.3M +35% | $386.8Md +6% | $273.4M +6% | $283.1M +14% | $252.8M +3% | $363.4Md -13% | $257.2M -9% |
| Operating income | $480.0M | $160.2M +141% | $143.3M | $135.2Md +69% | $41.3M | $66.4M | −$10.8M | $79.8Md +45% | −$33.4M |
| Net income | $893.3M | $298.7M +77% | $389.6M +770% | $127.9Md -3% | $77.1M +343% | $168.6M +1039% | $44.8M | $131.3Md +108% | $17.4M |
| EPS (diluted) | $1.52 | $0.51 +65% | $0.66 +633% | $0.22d -33% | $0.13 +225% | $0.31 +675% | $0.09 | $0.33d +65% | $0.04 |
| Operating cash flow | $704.7M | $62.4Md -47% | $337.4M +75% | $193.6Md +19% | $111.3Md +352% | $117.4Md +71% | $192.5M | $162.3Md | $24.6Md +29% |
| Capital expenditure | $16.7M | $1.7Md -59% | $4.5M +55% | $6.2Md +77% | $4.3M -7% | $4.1M +32% | $2.9M -41% | $3.5Md -55% | $4.6M -43% |
| Cash & equivalents | $4.85B | $4.85B | $7.40B | $6.30B | $7.84B | $8.69B | $6.39B | $4.76B | $4.58B |
| Total debt | — | — | — | $4.16B | — | — | — | $16.9M | $20.5Md |
| Shares outstanding | 449.1M | 449.1M | 448.7M | 448.3M | 447.9M | 447.6M | 447.3M | 447.0M | 446.8M |
| Metric | FY2025 2026-01-31 | FY2024 2025-02-01 | FY2023 2024-02-03 | FY2022 2023-01-28 |
|---|---|---|---|---|
| Revenue | $3.63B -5% | $3.82B -27% | $5.27B -11% | $5.93B |
| Cost of revenue | $2.43B -10% | $2.71B -32% | $3.98B -13% | $4.56B |
| Gross profit | $1.20B +7% | $1.11B -14% | $1.29B -6% | $1.37B |
| Operating income | $232.1M | −$26.2M | −$34.5M | −$311.6M |
| EBIT | $232.1M | −$26.2M | −$34.5M | −$311.6M |
| Depreciation & amortization | $19.4M -49% | $38.4M -32% | $56.2M -9% | $61.7M |
| Interest expense | — | — | — | — |
| Income tax | −$34.4M -683% | $5.9M -8% | $6.4M -42% | $11.0M |
| Net income | $418.4M +219% | $131.3M +1860% | $6.7M | −$313.1M |
| EPS (diluted) | $0.77 +133% | $0.33 +1550% | $0.02 | $-1.03 |
| Diluted shares (weighted) | 549.1M | 394.7M | 305.2M | 304.2M |
| Operating cash flow | $614.8M +322% | $145.7M | −$203.7M -288% | $108.2M |
| Capital expenditure | $17.5M +9% | $16.1M -54% | $34.9M -38% | $55.9M |
| Dividends paid | — | — | — | $0 |
| Cash & equivalents | $6.30B | $4.76B | $921.7M | $1.14B |
| Long-term debt (incl. current portion) | $4.16B | $16.9M | $28.5M | $39.5M |
| Total debt | $4.16B | $16.9M | $28.5M | $39.5M |
| Total assets | $10.39B | $5.88B | $2.71B | $3.11B |
| Total liabilities | $4.94B | $945.6M | $1.37B | $1.79B |
| Shareholders' equity | $5.44B | $4.93B | $1.34B | $1.32B |
| Shares outstanding | 448.3M | 447.0M | 305.7M | 304.6M |
From XBRL data in SEC filings. Small figures under each value: change vs the same period a year earlier. d = derived (e.g. Q4 = full year − first nine months).
NewsFull archive →
GameStop Q2 sales fall 18.7% to $790.2 million; net income $298.7 million; EBITDA outlook raised
GameStop reported second-quarter fiscal 2026 results for the 13 weeks ended August 1, 2026.
GameStop previews Q2 net income of $290 million to $310 million, including about $238 million of eBay gains
GameStop gave preliminary second-quarter fiscal 2026 figures for the 13 weeks ended August 1, 2026.
GameStop amends note exchange to about 55.5 million shares plus $358.4 million cash, closing September 3
On August 31, 2026, GameStop amended its convertible note exchange so that noteholders receive about 55.5 million shares of Class A common stock, about 73% of the consideration, plus about $358.4 million in cash, about 27%, funded from cash on hand.
GameStop reports fiscal Q2 2026 results: revenue $790.2M, down 19% from a year earlier
GameStop filed a Form 8-K with the SEC on Aug 31, 2026, 6:23 AM ET, reporting an event dated Aug 31, 2026.
GameStop agrees to exchange about $1.4 billion of convertible notes for Class A shares
On August 2, 2026, GameStop agreed to privately exchange about $400 million of its 0% convertible notes due 2030 and $1.0 billion of its 0% notes due 2032 for shares of Class A common stock.
GameStop shareholders approve more Class A shares at July 7 annual meeting
GameStop's 2026 annual meeting was held July 7, 2026, and stockholders approved all proposals.
GameStop guides fiscal 2026 adjusted EBITDA above $600 million and updates its eBay position
In a June 26, 2026 release, GameStop gave a fiscal 2026 outlook for adjusted EBITDA of more than $600 million, against $345.4 million in fiscal 2025.
GameStop drops Ryan Cohen's CEO performance award from its proxy at his request
At Ryan Cohen's request, GameStop's board agreed to amend the proxy statement to remove a CEO performance award it had approved in January 2026, before the company decided to pursue eBay.
GameStop Q1 sales rise 14% to $835.3 million on collectibles; net income $389.6 million
GameStop reported first-quarter fiscal 2026 results for the 13 weeks ended May 2, 2026.
eBay board rejects GameStop's $125 per share proposal as neither credible nor attractive
eBay's board rejected GameStop's unsolicited, non-binding proposal and called it neither credible nor attractive.
GameStop proposes to buy eBay for $125 per share, half cash and half stock, valued near $55.5 billion
In a letter dated May 3, 2026 and disclosed in an 8-K filed May 4, GameStop proposed a non-binding deal to acquire all eBay shares it does not already own at $125 each, paid half in cash and half in GameStop stock.
GameStop fiscal 2025 sales fell 5.1% to $3.63 billion; net income rose to $418.4 million
GameStop reported fourth-quarter and full-year fiscal 2025 results for the year ended January 31, 2026.
GameStop reports fiscal Q3 2025 results: revenue $821.0M, down 5% from a year earlier
GameStop filed a Form 8-K with the SEC on Dec 9, 2025, 4:03 PM ET, reporting an event dated Dec 9, 2025.
SEC filings
| Oct 13, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Oct 5, 26 | 4 | Form 4: Moore Daniel William (PFO and PAO) — open-market sale 7,297 sh | sec.gov ↗ |
| Oct 5, 26 | 4 | Form 4: Robinson Mark Haymond (General Counsel and Secretary) — open-market sale 11,178 sh | sec.gov ↗ |
| Oct 5, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Oct 2, 26 | 4 | Form 4: Cohen Ryan (President, CEO and Chairman, Director) — open-market buy 700,000 sh | sec.gov ↗ |
| Oct 2, 26 | SCHEDULE 13D/A | SCHEDULE 13D/A: Activist/controlling ownership report (5%+) (amended) | sec.gov ↗ |
| Oct 1, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Oct 1, 26 | 4 | Form 4: Turner Nat (Director) — open-market buy 10,462 sh | sec.gov ↗ |
| Oct 1, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 29, 26 | SCHEDULE 13D/A | SCHEDULE 13D/A: Activist/controlling ownership report (5%+) (amended) | sec.gov ↗ |
| Sep 29, 26 | 4 | Form 4: Cohen Ryan (President, CEO and Chairman, Director) — open-market buy 450,000 sh | sec.gov ↗ |
| Sep 29, 26 | SCHEDULE 13D/A | SCHEDULE 13D/A: Activist/controlling ownership report (5%+) (amended) | sec.gov ↗ |
| Sep 21, 26 | 4 | Form 4: Attal Alain (Director) — open-market buy 17,500 sh | sec.gov ↗ |
| Sep 21, 26 | 4 | Form 4: Cohen Ryan (President, CEO and Chairman, Director) — open-market buy 1,150,680 sh | sec.gov ↗ |
| Sep 21, 26 | SCHEDULE 13D/A | SCHEDULE 13D/A: Activist/controlling ownership report (5%+) (amended) | sec.gov ↗ |
| Sep 10, 26 | 4 | Form 4: Attal Alain (Director) — open-market buy 5,000 sh | sec.gov ↗ |
| Sep 10, 26 | 4 | Form 4: Cohen Ryan (President, CEO and Chairman, Director) — open-market buy 1,000,000 sh | sec.gov ↗ |
| Sep 10, 26 | SCHEDULE 13D/A | SCHEDULE 13D/A: Activist/controlling ownership report (5%+) (amended) | sec.gov ↗ |
| Sep 9, 26 | 4 | Form 4: Grube James (Director) — open-market buy 10,255 sh | sec.gov ↗ |
| Sep 9, 26 | 10-Q | 10-Q: Quarterly report for the period ended Aug 1, 2026 | sec.gov ↗ |
| Sep 8, 26 | 4 | Form 4: Cheng Lawrence (Director) — open-market buy 55,000 sh | sec.gov ↗ |
| Sep 8, 26 | 8-K | 8-K: Results of Operations, Regulation FD Disclosure (Items 2.02, 7.01) | sec.gov ↗ |
| Sep 3, 26 | SCHEDULE 13D/A | SCHEDULE 13D/A: Activist/controlling ownership report (5%+) (amended) | sec.gov ↗ |
| Aug 31, 26 | 8-K | 8-K: Material Agreement, Results of Operations, Unregistered Equity Sale, Regulation FD Disclosure (Items 1.01, 2.02, 3.02, 7.01) | sec.gov ↗ |
| Aug 3, 26 | 8-K | 8-K: Material Agreement, Unregistered Equity Sale, Other Events (Items 1.01, 3.02, 8.01) | sec.gov ↗ |
Insider trades, 12 months
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-05 | Robinson Mark Haymond General Counsel and Secretary | Sale 10b5-1 plan | 3.9K | $25.42 | $98.7K |
| 2026-10-02 | Cohen Ryan President, CEO and Chairman, Director | Buy | 700.0K | $24.41 | $17.1M |
| 2026-10-01 | Turner Nat Director | Buy | 10.5K | $24.33 | $254.5K |
| 2026-10-01 | Robinson Mark Haymond General Counsel and Secretary | Sale 10b5-1 plan | 7.3K | $24.26 | $177.0K |
| 2026-10-01 | Moore Daniel William PFO and PAO | Sale | 7.3K | $24.26 | $177.0K |
| 2026-09-29 | Cohen Ryan President, CEO and Chairman, Director | Buy | 450.0K | $23.48 | $10.6M |
| 2026-09-21 | Cohen Ryan President, CEO and Chairman, Director | Buy | 1.2M | $22.94 | $26.4M |
| 2026-09-21 | Attal Alain Director | Buy | 17.5K | $22.97 | $402.0K |
| 2026-09-10 | Cohen Ryan President, CEO and Chairman, Director | Buy | 1.0M | $20.38 | $20.4M |
| 2026-09-10 | Attal Alain Director | Buy | 5.0K | $20.00 | $100.0K |
| 2026-09-09 | Grube James Director | Buy | 10.3K | $19.12 | $196.1K |
| 2026-09-08 | Cheng Lawrence Director | Buy | 55.0K | $18.80 | $1.0M |
| 2026-07-06 | Robinson Mark Haymond General Counsel and Secretary | Sale 10b5-1 plan | 4.0K | $22.62 | $89.5K |
| 2026-07-01 | Robinson Mark Haymond General Counsel and Secretary | Sale 10b5-1 plan | 7.1K | $22.38 | $158.5K |
| 2026-07-01 | Moore Daniel William PFO and PAO | Sale | 7.1K | $22.38 | $158.6K |
| 2026-04-13 | Robinson Mark Haymond General Counsel and Secretary | Sale 10b5-1 plan | 3.9K | $23.19 | $90.7K |
| 2026-04-01 | Robinson Mark Haymond General Counsel and Secretary | Sale | 7.2K | $22.94 | $165.4K |
| 2026-04-01 | Moore Daniel William PFO and PAO | Sale | 7.2K | $22.94 | $165.4K |
| 2026-01-23 | Cheng Lawrence Director | Buy | 5.0K | $22.87 | $114.4K |
| 2026-01-21 | Attal Alain Director | Buy | 12.0K | $21.63 | $259.6K |
| 2026-01-21 | Cohen Ryan President, CEO and Chairman, Director | Buy | 500.0K | $21.60 | $10.8M |
| 2026-01-20 | Attal Alain Director | Buy | 12.0K | $20.90 | $250.8K |
| 2026-01-20 | Cohen Ryan President, CEO and Chairman, Director | Buy | 500.0K | $21.12 | $10.6M |
| 2026-01-12 | Robinson Mark Haymond General Counsel and Secretary | Sale | 12.2K | $21.00 | $256.2K |
| 2026-01-02 | Moore Daniel William PFO and PAO | Sale | 5.5K | $20.44 | $111.9K |